conglomerate and Aerospace Information Co., a major software
developer and provider, have signed a strategic cooperation
agreement for cloud computing, and other technological services development.
Chinese finance publication Securities Daily on the
deal on March 21.

The two parties have agreed to take advantage of their
respective brand technologies “to actively integrate resources
and carry out in-depth cooperation” in in the fields of cloud
computing services, finance and taxation, government affairs
and blockchain technology, among others.

As the publication states, Aerospace Information will
collaborate with Alibaba to work together in research and
development in order to promote the integration of new
technologies. It also adds:

“In the field of blockchain, we will jointly provide cloud
solutions to promote the development of the blockchain
industry.”

Earlier this month, vice president of Alibaba Group Liu Song
revealed in an interview the company’s plans to implement
blockchain technology for cross-border , with the possibility to link the ecosystem
with local governments, as Cointelegraph on March 7.

Back in October, Alibaba had a patent application for a system backed with
blockchain allowing for third-party administrative
intervenience in a .

"The defendant took advantage of them emotionally and sexually," Assistant U.S....

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